IREF® Real Estate in India - Property Discussion
Revert to old theme

Download our app now !



Reply
15Likes

Expected RTM Resale Price of Paras - Noida Expressway
March 11 2012 , 04:10 PM   #1
Member

KapilSibal's Avatar
 
Join Date: Mar 2012
Posts: 62
Likes Received: 8
Expected RTM Resale Price of Paras - Noida Expressway

I expect price at the time of paras tierea possession to be 7000 psf +

The reasons are as follows -

1. Interest rates set to head southward meaning increased demand
2. Recovery in US economy meaning more IT jobs in Noida and hence more demand
3. Remarkable pace of constrcution of paras tierea
4. Previously shelved 5 star hotel projects will come back again on expressway near sec 137 with SP coming to power. These projects were signed during their govt and later reversed by mayawati.
5. Near completion projects on expressway are already touching 6000 psf

Any disputes and expected prices from IREF members?
March 11 2012 , 04:12 PM   #2
Member

RahulIndrapuram's Avatar
 
Join Date: May 2010
Posts: 285
Likes Received: 76

HAHAHA 7000/Sqft look so funny Lets see
March 11 2012 , 04:25 PM   #3
Member

ytlaer's Avatar
 
Join Date: Oct 2011
Posts: 135
Likes Received: 4

Prices to touch Rs 5500-6000/sqft for RTM units in another 6 months.

7000+ seems reasonable figure for T25 & above when they near to the possession.

All the best investors and end users :-)
March 11 2012 , 04:28 PM   #4
Member

KapilSibal's Avatar
 
Join Date: Mar 2012
Posts: 62
Likes Received: 8

Quote:
Originally Posted by RahulIndrapuram
HAHAHA 7000/Sqft look so funny Lets see

You find it funny on the lower side or the higher side?
March 11 2012 , 04:37 PM   #5
Senior Member

Indomura's Avatar
 
Join Date: Jun 2011
Posts: 762
Likes Received: 98

Quote:
Originally Posted by KapilSibal
I expect price at the time of paras tierea possession to be 7000 psf +

The reasons are as follows -

1. Interest rates set to head southward meaning increased demand
2. Recovery in US economy meaning more IT jobs in Noida and hence more demand
3. Remarkable pace of constrcution of paras tierea
4. Previously shelved 5 star hotel projects will come back again on expressway near sec 137 with SP coming to power. These projects were signed during their govt and later reversed by mayawati.
5. Near completion projects on expressway are already touching 6000 psf

Any disputes and expected prices from IREF members?
would love to see it at 7000 but realistically looks somewhere between 5300 to 5800 psq ft..
March 11 2012 , 04:47 PM   #6
Member

VBhatia's Avatar
 
Join Date: Jun 2010
Posts: 221
Likes Received: 8

so are you expecting the resale to be more than 3C LB :-)
March 11 2012 , 04:52 PM   #7
Member

KapilSibal's Avatar
 
Join Date: Mar 2012
Posts: 62
Likes Received: 8

Quote:
Originally Posted by VBhatia
so are you expecting the resale to be more than 3C LB :-)
i expect both to be around same. LB has the edge with 3C brand name, paras has the edge in terms of location (sec 137).
March 11 2012 , 04:53 PM   #8
Veteran Member

Cookie's Avatar
 
Join Date: Dec 2010
Location: Planet Earth
Posts: 18,069
Likes Received: 3092
My Mood: Angelic

Not more than 5500. If finishing is exceptionally fine, Then 6000.
__________________
Thanks
March 11 2012 , 05:02 PM   #9
Member

ytlaer's Avatar
 
Join Date: Oct 2011
Posts: 135
Likes Received: 4

Agree with Cookie. If the finishing is great then the prices could touch 6000 in coming 6 months. Fingures crossed.
March 11 2012 , 05:09 PM   #10
Member

sunnym's Avatar
 
Join Date: Oct 2011
Posts: 96
Likes Received: 4

Considering that ATS is almost touchning 10k psf (agreed it has better location and amenities), I dont see why Paras Tierra can not touch 6.5-7k on possession. Infact even Omaxe, which is considered to be a rather average project is also selling at around this rate.
Choose theme from here -
LinkBack
LinkBack URL LinkBack URL
About LinkBacks About LinkBacks